Banking #banking#settlement
Bank of Baroda Settles NMC Health Creditor Claims for $600 Million in Cross-Border Insolvency Case
Bank of Baroda has agreed to pay $600 million (approximately Rs 5,700 crore) to the administrators of collapsed healthcare group NMC Health in an out-of-court settlement. The settlement resolves claims that BoB's financial arrangements enabled concealment of debt. Funds will be distributed to creditors including banks, bondholders, and trade creditors.
Jul 2, 2026 1 source
